4203 HSN Code: Processed synthetic fibres

HSN Sub Chapter 4203 represents Processed synthetic fibres under GST classification. This code helps businesses identify Processed synthetic fibres correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 4203, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Processed synthetic fibres.

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New GST Rate for HSN Code 4203

GST Rate for Processed synthetic fibres under HSN Code 4203. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

42

HSN Code

4203

HSN Description

Articles of apparel and clothing accessories, of leather or of composition leather

New GST Rate

5 %
Essential

Old GST Rate

12 %

Tariff HSN Codes under HSN Sub Chapter 4203

Following tariff HSN codes fall under Processed synthetic fibres.

Tariff HSN

42031010

Description

Articles of apparel: Jackets and jerseys

Tariff HSN

42031090

Description

Articles of apparel: Other

Tariff HSN

42032110

Description

Gloves, mittens and mitts: Specially designed for use in sports: Gloves

Tariff HSN

42032120

Description

Gloves, mittens and mitts: Specially designed for use in sports: Mittens and mitts

Tariff HSN

42032910

Description

Gloves, mittens and mitts: Other : Gloves for use in industry

Tariff HSN

42032920

Description

Gloves, mittens and mitts: Other : Other gloves

Tariff HSN

42032930

Description

Gloves, mittens and mitts: Other : Mittens and mitts

Tariff HSN

42033000

Description

Belts and bandoliers

Tariff HSN

42034010

Description

Other clothing accessories : Aprons

Tariff HSN

42034020

Description

Other clothing accessories : Semi-chrome grain garments

Tariff HSN

42034090

Description

Other clothing accessories : Other

India’s Trade Performance — HSN Sub-Chapter 4203 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹6,353 Cr

+10.32% vs FY 2023-24

0.1715% of India’s total exports

India’s Imports

FY 2024-25

₹148 Cr

−9.31% vs FY 2023-24

0.0024% of India’s total imports

Trade Balance

FY 2024-25

₹6,205 Cr

Trade Surplus

Surplus rank #59 of 1233 subchapters

% of Chapter 42

FY 2024-25

28.64%

Share of Chapter 42’s total exports in FY 2024-25

Import side: 3.44% of Chapter 42’s imports

Rank Within Chapter 42

FY 2024-25

#2 of 5

Position by export value among subchapters in Chapter 42

Import-side rank: #2 of 5

At a glance

1.85%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#111

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+22.48%

Peak Growth Year

FY 2021-22 · strongest single-year move

28.64%

Contribution to Ch. 42

Share of Chapter 42 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 4203

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #75

Balance

+5,503.85

Exports

5,690.81 ₹ Cr

0.2479% share

— YoY

31.75% of Ch. 42

Imports

186.96 ₹ Cr

0.0052% share

— YoY

5.37% of Ch. 42

FY 2019-20 Exp. Rank #72

Balance

+5,352.12

Exports

5,532.92 ₹ Cr

0.2505% share

−2.77% YoY

32.21% of Ch. 42

Imports

180.80 ₹ Cr

0.0054% share

−3.29% YoY

5.65% of Ch. 42

FY 2020-21 Exp. Rank #100

Balance

+4,197.12

Exports

4,314.61 ₹ Cr

0.2006% share

−22.02% YoY

31.93% of Ch. 42

Imports

117.49 ₹ Cr

0.0040% share

−35.02% YoY

8.90% of Ch. 42

FY 2021-22 Exp. Rank #107

Balance

+5,125.55

Exports

5,284.53 ₹ Cr

0.1684% share

+22.48% YoY

27.91% of Ch. 42

Imports

158.98 ₹ Cr

0.0035% share

+35.31% YoY

6.17% of Ch. 42

FY 2022-23 Exp. Rank #113

Balance

+5,552.01

Exports

5,724.23 ₹ Cr

0.1581% share

+8.32% YoY

27.14% of Ch. 42

Imports

172.22 ₹ Cr

0.0030% share

+8.33% YoY

4.45% of Ch. 42

FY 2023-24 Exp. Rank #113

Balance

+5,595.75

Exports

5,758.46 ₹ Cr

0.1592% share

+0.60% YoY

28.43% of Ch. 42

Imports

162.71 ₹ Cr

0.0029% share

−5.52% YoY

3.86% of Ch. 42

FY 2024-25 Exp. Rank #111

Balance

+6,205.23

Exports

6,352.79 ₹ Cr

0.1715% share

+10.32% YoY

28.64% of Ch. 42

Imports

147.56 ₹ Cr

0.0024% share

−9.31% YoY

3.44% of Ch. 42

CAGR · 7-Year

Exports

1.85% /yr

Imports

−3.87% /yr

Consistently Surplus
Chapter 42 total

reference, FY 2024-25

Export

₹22,179.79 Cr

Import

₹4,288.73 Cr

Trade Balance

+17,891.06

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 4203 Export-Import Analysis

Consistent Export Growth: 1.85% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 4203 have grown at a compound annual rate of 1.85% over 7 fiscal years, rising from ₹5,690.81 Crore in FY 2018-19 to ₹6,352.79 Crore in FY 2024-25.

HSN Sub-Chapter 4203 Ranked #111 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 4203 ranks #111 out of 1233 subchapters by total export value. Within Chapter 42, it ranks #2 of 5. By trade surplus, it ranks #59 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 4203 Exports

The strongest single-year export movement for HSN Sub-Chapter 4203 was recorded in FY 2021-22, when exports surged by 22.48% over the prior year.

India Maintains a Trade Surplus of ₹6,205.23 Crore in HSN Sub-Chapter 4203 Goods

In FY 2024-25, India's exports of ₹6,352.79 Cr exceeded imports of ₹147.56 Cr, resulting in a trade surplus of ₹6,205.23 Crore — ranking #59 of 1233 by surplus magnitude.

Import Growth of −3.87% CAGR Signals Stable Import Dependency for Processed synthetic fibres

India's imports under HSN Sub-Chapter 4203 have grown at −3.87% CAGR, reaching ₹147.56 Crore in FY 2024-25.

HSN Sub-Chapter 4203 Contributes 28.64% of Chapter 42 Exports — Ranked #2

Among the 5 subchapters under Chapter 42, HSN Sub-Chapter 4203 ranks #2 by export value — accounting for 28.64% of the chapter's total exports in FY 2024-25. On the import side, it holds 3.44% share (rank #2).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 4203 and GST compliance.

What products are classified under HSN 4203

It includes Processed synthetic fibres

Does MRP, weight or pack size change GST treatment for Processed synthetic fibres?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

Is the composition scheme suitable if I mainly trade Processed synthetic fibres?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

How do I bill a kit or combo that includes Processed synthetic fibres?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

What should my invoice and records include for Processed synthetic fibres?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

Can I claim ITC on inputs and services used for Processed synthetic fibres?

If your outward supply of Processed synthetic fibres is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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